Until the last year or so, HUD foreclosures were a rare breed. Not many people were obtaining FHA loans, so the HUD property list was looking pretty thin. But lately the list has gotten longer and fuller.
Because of the shortage of HUD homes over the last few years, many buyers for HUD homes have disappeared. This has left a big void and thus a big opportunity to pick up some fabulous deals on HUD owned homes. Our brokerage has been selling HUD homes since 1996. Not all brokers are registered with HUD, so not all of them can sell these homes. The paperwork for the bid process is a little tricky, so many brokers do not want to fool with HUD houses. I am an expert on their paperwork and can help you bid on any HUD home in the State of Florida.
I am seeing some fantastic hud foreclosure deals out there. Some priced well under $100,000. In fact many great 3/2 homes are available from HUD. Last year our firm sold nearly two dozen of these HUD properties and we expect to sell even more this year.
HUD gives you 45 days to close on their properties. They also provide a detailed inspection on their website for you to review prior to bidding. Highest bidder wins. HUD has a minimum bid percentage that they don't make public, and I know how to calculate that number for any property you want to bid on. That is why it is best to deal with a seasoned veteran when it comes to HUD and other investment properties.
You can see their home list along with a detailed report of Florida HUD homes at their website. If you want to place a bid, please contact me. I can get you the deal you are looking for, and believe me the deals are EVERYWHERE right now.
Attention other Realtors. If you are not registered or don't know how to do HUD deals, I will place your HUD bid for you for just $1000 per deal - you keep the rest and they are paying 5% to buyer agents. Just call me for more details. I know how to get the bids accepted.